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Farmington Hills Housing Negotiations – 6 Mistakes That Can Make You Lose a Winning Deal

Thomas Gilliam Blog , buyers , buying a home , Farmington Hills , negociations , offer Leave a Comment

Have you been searching for your dream house for long in Farmington Hills? Did you find one but the negotiations did not go your way? Your house search is contingent on negotiations… it can either make or break the deal. Of course, your real estate agent will be by your side guiding you throughout the process but at the end, you have to take the final decision. Often people let go of a great deal on a home for sale in Farmington Hills, Michigan thinking that the price is too high. Until you have looked at the comps and have …

Low Inventory no listings

Low Inventory Means Selling Time

Thomas Gilliam Blog , buying a home , home selling , housing inventory , low inventory Leave a Comment

According to Realtor.com’s recent Housing Shortage Report, the US is experiencing the worst low inventory shortage in two decades. And while this presents a definite challenge for people looking to buy a home, it creates the perfect storm of opportunity for those wanting to sell. According to Realtor.com’s research, the housing shortage can be attributed to the baby boomer generation being unwilling to sell in the current market. In fact: 72% of existing homeowners over the age of 55 feel their current home fits their needs 85% of those baby boomers don’t plan to sell their home in the next 12 …

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No Housing Crash in the Near Future: 4 Reasons Why

Thomas Gilliam Blog , housing bubble , housing crash , housing market Leave a Comment

With home prices rising in many areas of the country, many people are worried that we’re headed for a housing crash like the one we suffered in 2008. But here’s the thing: it’s just not true. While it’s understandable that people would look at the current market, consider it a “housing bubble,” and assume it’s going to pop, the truth of the matter is the market today couldn’t be any more different than they were before the crash of 2008. Let’s take a look at four reasons why we’re not headed for another housing crash: 1. Banks have tightened their lending …